Rep. Jefferson Shreve Buys Hubbell Incorporated (NYSE:HUBB) Stock

by · The Cerbat Gem

Representative Jefferson Shreve (R-Indiana) recently bought shares of Hubbell Incorporated (NYSE:HUBB). In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Hubbell stock on March 31st. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

  • Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
  • Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
  • Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
  • Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
  • Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
  • Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
  • Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
  • Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
  • Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
  • Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Hubbell Price Performance

NYSE HUBB traded down $3.82 during mid-day trading on Tuesday, hitting $346.69. The stock had a trading volume of 590,160 shares, compared to its average volume of 516,370. Hubbell Incorporated has a 52-week low of $299.43 and a 52-week high of $481.35. The company has a market cap of $18.61 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.34 and a beta of 0.95. The company has a 50 day simple moving average of $355.69 and a 200 day simple moving average of $411.25. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 0.44.

Hubbell (NYSE:HUBB – Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 EPS for the quarter, beating the consensus estimate of $4.02 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.69 earnings per share. Equities analysts forecast that Hubbell Incorporated will post 17.63 EPS for the current fiscal year.

Hubbell declared that its board has authorized a share buyback program on Wednesday, February 12th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, February 28th. Hubbell’s dividend payout ratio is presently 36.77%.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of research reports. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday. Barclays cut their target price on Hubbell from $422.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company dropped their price objective on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lowered their price target on Hubbell from $430.00 to $352.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Hubbell presently has an average rating of “Hold” and a consensus price target of $449.38.

Check Out Our Latest Stock Analysis on HUBB

Hedge Funds Weigh In On Hubbell

A number of hedge funds have recently made changes to their positions in HUBB. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Hubbell by 12.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 228 shares of the industrial products company’s stock worth $96,000 after buying an additional 25 shares in the last quarter. JGP Wealth Management LLC boosted its stake in Hubbell by 1.2% during the fourth quarter. JGP Wealth Management LLC now owns 2,110 shares of the industrial products company’s stock worth $884,000 after acquiring an additional 26 shares in the last quarter. Huntington National Bank increased its stake in Hubbell by 3.0% in the fourth quarter. Huntington National Bank now owns 886 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 26 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Hubbell by 0.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 6,515 shares of the industrial products company’s stock valued at $2,757,000 after purchasing an additional 26 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of Hubbell by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 5,422 shares of the industrial products company’s stock worth $2,313,000 after purchasing an additional 27 shares in the last quarter. 88.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Alyssa R. Flynn sold 1,164 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $389.06, for a total transaction of $452,865.84. Following the completion of the sale, the insider now owns 4,327 shares in the company, valued at approximately $1,683,462.62. This trade represents a 21.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.66% of the stock is currently owned by company insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Hubbell

(Get Free Report)

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.

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